Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Aegis Capital Corp analyst Victor Anthony released his quarterly update on the performance of some of the most popular mobile apps. Aegis uses metrics such as downloads, monthly active users (MAUs) and daily active users (DAUs) to gauge which apps are gaining and losing momentum among users.
According to Anthony, newly-public Snap Inc (NYSE:SNAP) was one of the big losers. Aegis reports Snapchat’s DAUs on iOS devices are down so far in March compared to January and February.
Related Link: 9 Most Popular Mobile Apps In China
“We maintain our view that while ad dollars should flow to Snap at a healthy pace in the coming quarters as advertisers continue to experiment with the App, if Snap is unable to re-accelerate its user growth, advertisers will likely seek out alternative platforms where growth remains robust, such as Instagram,” Anthony explains.
Snap was at the top of Aegis’ list of negative standouts in Q1, along with eBay Inc (NASDAQ:EBAY) and Pandora Media Inc (NYSE:P).
On the other side of the equation, Anthony mentions the following four stocks as positive standouts in Q1:
- Expedia Inc (NASDAQ:EXPE)
- Netflix Inc (NASDAQ:NFLX)
- Yelp Inc (NYSE:YELP)
- GrubHub Inc (NYSE:GRUB)
Aegis maintains Buy ratings on Match Group Inc (NASDAQ:MTCH), Amazon.com, Inc (NASDAQ:AMZN), eBay Inc (NASDAQ:EBAY), Facebook Inc (NASDAQ:FB), Yelp Inc (NYSE:YELP) and Pandora Media Inc (NYSE:P).
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!